Timkensteel Corp (NYSE:TMST) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.67.

TMST has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Timkensteel from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Jefferies Group reaffirmed a “hold” rating and issued a $19.00 target price on shares of Timkensteel in a report on Thursday, October 19th. KeyCorp cut shares of Timkensteel from a “sector weight” rating to an “underweight” rating and set a $12.00 target price for the company. in a report on Wednesday, December 6th. BidaskClub cut shares of Timkensteel from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Finally, ValuEngine cut shares of Timkensteel from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st.

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In other Timkensteel news, insider Tina M. Beskid sold 2,548 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $13.68, for a total value of $34,856.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.10% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of TMST. Dimensional Fund Advisors LP increased its stake in shares of Timkensteel by 14.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,444,679 shares of the basic materials company’s stock worth $52,945,000 after purchasing an additional 428,630 shares in the last quarter. State Street Corp increased its stake in shares of Timkensteel by 22.0% during the 2nd quarter. State Street Corp now owns 1,933,464 shares of the basic materials company’s stock worth $29,719,000 after purchasing an additional 348,031 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in shares of Timkensteel by 548.3% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 287,861 shares of the basic materials company’s stock worth $4,750,000 after purchasing an additional 243,457 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Timkensteel by 381.1% during the 3rd quarter. Wells Fargo & Company MN now owns 167,385 shares of the basic materials company’s stock worth $2,762,000 after purchasing an additional 132,592 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Timkensteel by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,332,660 shares of the basic materials company’s stock worth $51,223,000 after purchasing an additional 77,821 shares in the last quarter. 72.67% of the stock is owned by institutional investors and hedge funds.

Shares of Timkensteel (TMST) traded down $0.70 during trading hours on Friday, reaching $15.62. 360,155 shares of the company were exchanged, compared to its average volume of 713,590. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.98. The firm has a market capitalization of $695.51, a P/E ratio of -15.61 and a beta of 2.07. Timkensteel has a 1 year low of $12.48 and a 1 year high of $23.00.

Timkensteel (NYSE:TMST) last issued its earnings results on Thursday, January 25th. The basic materials company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.43). Timkensteel had a negative net margin of 3.33% and a negative return on equity of 7.56%. The company had revenue of $341.40 million during the quarter, compared to analysts’ expectations of $345.00 million. During the same period last year, the business posted ($1.52) earnings per share. The company’s quarterly revenue was up 59.0% on a year-over-year basis. analysts predict that Timkensteel will post 0.55 earnings per share for the current fiscal year.

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About Timkensteel

TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. In addition, the Company supplies machining and thermal treatment services, as well as manage raw material recycling programs, which are used as a feeder system for its melt operations.